843-839 SOMERSET STREET W, Ottawa
Incredible Investment Opportunity in the Heart of Chinatown! Located on bustling Somerset Street West, this traditional Main Street-zoned property offers excellent passive income potential with a projected annual income of $120,000. A long-standing, well-known restaurant tenant occupies one side of the building under a triple net lease, covering all utilities and minimizing owner expenses.The adjacent unit has recently been rented on a 5 year lease with a 5% yearly escalation starting at $6,400/month + HST. Ideal for an owner-occupier or an investor looking to maximize returns, this space is perfect for a wide range of uses. Major capital improvements already completed: the property features a brand new roof (2025) valued at $63,000, offering peace of mind and long-term savings on maintenance. Zoning permits restaurant or other commercial operations or redevelopment for multi-unit residential, offering flexibility and long-term growth. Property Highlights: High visibility with large street-facing windows, 6 dedicated parking spaces for tenants, prime location with a bus stop right at the door, surrounded by vibrant local businesses and community amenities. Don't miss your chance to own a versatile, income-generating property in one of the city's most dynamic neighbourhoods. (id:25961)
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Details
- Amenities Nearby: Public Transit
- Transaction: For sale
- Zoning Description: Tm (78) H15
Building
- Cooling: Fully air conditioned
- Fireplace Present: False
- Heating: Forced air
- Heating Fuel: Natural gas
- Size Exterior: 5446.53 sqft
- Size Interior: 5447 sqft
- Utility Water: Municipal water
Land
- Amenities: Public Transit
- Size Depth: 65 ft ,11 in
- Size Frontage: 82 ft ,6 in
- Size Irregular: Bldg=82.57 x 65.97 FT
This property for sale is located at 843-839 SOMERSET STREET W in Ottawa. It was last modified on April 29th 2026. Let us connect you with one of our real estate agents to schedule a viewing or to discover other Ottawa properties for sale.
Listing provided by RE/MAX HALLMARK REALTY GROUP
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